AIG Announces Proposed Sale of Ordinary Shares of AIA Group Limited

December 16, 2012 07:49 PM Eastern Daylight Time

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) announced today that it
has commenced a sale in Hong Kong of up to all of its ordinary shares of
AIA Group Limited (AIA) by means of a placing to certain institutional
investors. AIG expects to use the net proceeds from the placing of AIA
ordinary shares for general corporate purposes.

The ordinary shares have not been and will not be registered under the
Securities Act of 1933, as amended (the Securities Act), or any other
applicable law, and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements of the Securities Act and any other applicable law.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the ordinary shares, nor shall there be
any sale of the ordinary shares in any jurisdiction in which such offer,
solicitation, or sale would be unlawful. This press release is not for
distribution or release in or into the Hong Kong Special Administrative
Region of the People’s Republic of China.

# # #

This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. In
particular, no assurance can be given that AIG will be able to complete
the placing of the AIA ordinary shares, or, if completed, what the net
proceeds will be from the placing. These forward-looking statements are
not historical facts but instead represent only AIG’s belief regarding
future events, many of which, by their nature, are inherently uncertain
and outside AIG’s control. Except for AIG’s ongoing obligation to
disclose material information as required by federal securities laws,
AIG is not under any obligation (and expressly disclaims any obligation)
to update or alter any projections, goals, assumptions, or other
statements, whether written or oral, that may be made from time to time,
whether as a result of new information, future events or otherwise.

# # #

American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.

AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all jurisdictions, and coverage is subject to
actual policy language. Non-insurance products and services may be
provided by independent third parties. Certain property-casualty
coverages may be provided by a surplus lines insurer. Surplus lines
insurers do not generally participate in state guaranty funds, and
insureds are therefore not protected by such funds.

Recent Stories

NEW YORK--(EON: Enhanced Online News)--American International Group, Inc. (NYSE: AIG) today announced the Reference Yields and Total Consideration for its previously announced cash tender offer for... more »

NEW YORK--(EON: Enhanced Online News)--American International Group, Inc. (NYSE: AIG) today announced the results as of the early participation date of its previously announced cash tender offer fo... more »

NEW YORK--(EON: Enhanced Online News)--American International Group, Inc. (NYSE:AIG) announced today that it has priced the sale of 256 million ordinary H shares of PICC Property and Casualty Compa... more »